One day I noticed that the bitcoin price dropped alot, and the coinmarketcap as a whole also dropped $50 billion. What?! It turns out someone running coinmarketcap.com decided to drop South Korea off the market index because it’s prices were higher than other countries without telling anyone in advance. What?! Their prices are higher because South Korea makes it hard to move money in and out of country on purpose–that shouldn’t bar the country from being part of of the general index. Anyway, in the process of discovering this info, I found out that CoinPuffs works like CoinMarketCap, but not as capriciously. It seems more like a community site, and it has over 2000 coins listed. Article on coindesk.

I like to listen to economic news at night and recently heard this lady, Nomi Prins, who was a Goldman Sachs manager, then journalist, talk about the history of the Federal Reserve in America. Her book, All the Presidents’ Bankers is a telling of the relationships between US Presidents and powerful bankers from 1907 to the present.

In 1907 there was a potential stock market meltdown, (caused by some bankers (some people are always trying to game the system)) and Teddy Roosevelt called on his friend J.P. Morgan to fix it. That led to the creation of the Federal Reserve in America. So basically the Fed (the US version of a “Central Bank”) acts as a bridge to do what the Government wants in the economy, via handling Government money. Unfortunately, it seems that printing money (called “fractional reserve banking” and “quantitative easing”), and thus devaluing the currency, is what the Fed tends to do, because it’s easier to flood the economy with money than it is to actually solve the economy’s root problems.

And right now, in 2018, it seems like the US is in the middle of a bigger bubble than it was in 2008 when the banking bubble burst, because the US is over 20 trillion in debt, and is at the point of not being able to make interest payments on the debt if the bond market rates keep going up. So buckle your seat belts!

(The above audio is the full essay.) I was a big fan of J. Krishnamurti when I was in high school. (And Alan Watts.) He was an iconoclast and free thinker who had a spiritual kind of message: to be free of the mental problems in the present. Well, that’s what I remember! It was kind of poetic invocation of freedom.

I recorded an essay by Adi Da about J. Krishnamurti so I could listen to it and better understand it. I use a simple linux audio recorder that allows me to append the recording–so I can stop after each paragraph, and catch my breath, and preview the next paragraph before starting to record again. I made a mistake in practically every paragraph–so I’m wondering how the editors must spend a lot of time and narrator takes to stitch together a full-length audio book!

Think back to the mobile phone you had in 2010. It could access the internet, but it wasn’t such a great experience. On average, people only spent 20% of their time online on their phones back then, according to Zenith, a media agency. Today, by contrast, we spend around 70% of our time on the internet on phones, based on estimates and forecasts for more than 50 countries covering two-thirds of the world’s population. By 2019, Zenith says this will rise to close to 80%. What used to be called “mobile internet” is now just the internet.